Budgeting
Your new kitchen: investing in the future

The price of your building or remodeling project will vary by geographical region, building contractor, and the scope of the project. To assure that you stay on budget, study costs ahead of time and ask for clear pricing from your kitchen designer and contractor. An effective strategy is to make plans to spend 80% of what you could pay, allowing for 20% for miscellaneous extras and last-minute additions.

This worksheet can help. Type in the value of your home and the percentage you are budgeting for the kitchen. The worksheet will show you how much to allow in each category.

1. Home Value $         2. To determine a total kitchen remodeling budget choose a percentage of your home value.     6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 26% 27% 28% 29% 30% $

3. Breakdown of typical remodeling investment.     Cabinets 40% $      Countertops 9% $      Appliances 10% $      Lighting/Electrical 10% $      Wall Covering 3% $      Floor Covering 8% $      Labor (including plumbing) 20% $